Why do you think they have created an alternative to the LIBOR?
The LIBOR is a very important factor in the financial system. $370 trillion worth of financial transactions use the LIBOR today. But this is changing. New competition has formed and some people believe this could be very disruptive to the current financial landscape. Only time will tell.
London Interbank Offered Rate (LIBOR)
www.investopedia.com/terms/l/libor.asp
Secured Overnight Financing Rate – Federal Reserve Bank of New York
apps.newyorkfed.org/markets/autorates/sofr
3M USD LIbor 4.2.jpg (890×507)
www.zerohedge.com/sites/default/files/inline-images/3M%20USD%20LIbor%204.2.jpg?itok=rytIA4QV
Fannie Mae successfully prices bond using ‘alternative to LIBOR’ | 2018-07-27 | HousingWire
www.housingwire.com/articles/46216-fannie-mae-successfully-prices-bond-using-alternative-to-libor
Barclays Is First Bank To Sell Commercial Paper Linked To Libor Alternative | www.bullfax.com
www.bullfax.com/?q=node-barclays-first-bank-sell-commercial-paper-linked-libor-
Understanding the Libor Scandal | Council on Foreign Relations
www.cfr.org/backgrounder/understanding-libor-scandal
Student Loans Owned and Securitized, Outstanding | FRED | St. Louis Fed
fred.stlouisfed.org/series/SLOAS
99.3% Of Demonetised Money Returns To RBI, Report Shows – BloombergQuint